Tier 1 capital
noun[U]
FINANCE,BANKINGukus(alsoTier 1 equity)themainmoneythat abankhas, which comes fromsellingsharesand anyprofitit has made andkept:
Lloyds TSBaddedtoitsTier 1capitalbyselling£600 million ofvariableperpetualbonds.
The Bank is nowworthconsiderablyless thanitsTier 1equity.